30-mins AUD/USD: Short Term Sellers Control
The Death Cross pattern of the 20 period MA breaking below the 60 period MA is a powerful bearish indicator. The price is currently pulling back, but meets resistance around the 0.6590 level (23% Fib). The next resistance is at 0.6607 (38% Fib) and should these levels hold, the down trend might extend further south.
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